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Tether's USDT jumps to 8.5% premium in India after crypto payment crackdown

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Tether's USDT jumps to 8.5% premium in India after crypto payment crackdown

Raids on crypto payment firms in Bengaluru disrupted the pipeline that feeds dollar-pegged USDT to Indian platforms, pushing its local price more than 8.5% above the dollar, roughly double the usual gap.

Tether's USDT jumps to 8.5% premium in India after crypto payment crackdown

Source：CoinDesk

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Source：https://www.coindesk.com/markets/2026/06/29/usdt-jumps-to-8-5-premium-in-india-after-crypto-payment-crackdown